The Progressive Corporation (PGR) Analysts See $1.04 EPS

March 20, 2018 - By Michael Collier

 The Progressive Corporation (PGR) Analysts See $1.04 EPS
Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It worsened, as 43 investors sold The Progressive Corporation shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported.
Parkwood Ltd Liability Corporation owns 4,160 shares. Advisory Services Ltd accumulated 10,722 shares. Brown Advisory reported 0.01% in The Progressive Corporation (NYSE:PGR). 44,800 were reported by Nikko Asset Mngmt Americas. Central Bancorporation Co has 91,707 shares for 1.1% of their portfolio. Ancora Advisors Ltd Liability Corp stated it has 0.05% of its portfolio in The Progressive Corporation (NYSE:PGR). Pictet Asset Management Limited invested in 0.04% or 316,952 shares. Commerzbank Aktiengesellschaft Fi holds 0.02% or 25,101 shares. Eaton Vance Management invested in 1.29 million shares or 0.16% of the stock. Johnson Counsel Incorporated accumulated 0.01% or 9,437 shares. Employees Retirement Of Texas reported 0.03% of its portfolio in The Progressive Corporation (NYSE:PGR). Wellington Mngmt Gru Ltd Liability Partnership invested 0% in The Progressive Corporation (NYSE:PGR). Panagora Asset Mgmt has invested 0.08% in The Progressive Corporation (NYSE:PGR). Moreover, Schroder Investment Management has 0.01% invested in The Progressive Corporation (NYSE:PGR) for 168,420 shares. Private Trust Co Na owns 6,357 shares.

Since October 18, 2017, it had 0 insider buys, and 2 sales for $727,470 activity. On Wednesday, October 18 BASCH JEFFREY W sold $434,070 worth of The Progressive Corporation (NYSE:PGR) or 9,000 shares.

Analysts expect The Progressive Corporation (NYSE:PGR) to report $1.04 EPS on April, 17.They anticipate $0.37 EPS change or 55.22 % from last quarter’s $0.67 EPS. PGR’s profit would be $605.70 million giving it 15.00 P/E if the $1.04 EPS is correct. After having $0.79 EPS previously, The Progressive Corporation’s analysts see 31.65 % EPS growth. The stock increased 0.84% or $0.52 during the last trading session, reaching $62.39. About 1.53 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since March 20, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

The Progressive Corporation (NYSE:PGR) Ratings Coverage

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 61 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, December 4 report. FBR Capital maintained the shares of PGR in report on Tuesday, July 18 with “Hold” rating. The firm earned “Hold” rating on Thursday, December 17 by Sandler O’Neill. The firm has “Mkt Perform” rating given on Monday, April 3 by FBR Capital. On Thursday, January 25 the stock rating was maintained by M Partners with “Buy”. The stock has “Underweight” rating by Barclays Capital on Monday, October 16. Keefe Bruyette & Woods maintained it with “Buy” rating and $52.0 target in Monday, September 18 report. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The rating was upgraded by Sandler O’Neill on Tuesday, March 21 to “Buy”. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Tuesday, October 17 with “Buy” rating.

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company has market cap of $36.34 billion. The Company’s Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. It has a 22.94 P/E ratio. This segmentÂ’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.

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